Wilmington Savings Fund Society FSB Buys New Position in Berry Global Group, Inc. (NYSE:BERY)

Wilmington Savings Fund Society FSB purchased a new position in Berry Global Group, Inc. (NYSE:BERY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,807 shares of the industrial products company’s stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Berry Global Group by 9.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 355 shares during the period. Blue Trust Inc. boosted its position in Berry Global Group by 68.8% in the 2nd quarter. Blue Trust Inc. now owns 1,536 shares of the industrial products company’s stock valued at $93,000 after buying an additional 626 shares during the last quarter. Dakota Wealth Management acquired a new stake in shares of Berry Global Group during the second quarter valued at about $1,481,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Berry Global Group during the second quarter worth about $206,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Berry Global Group in the second quarter worth about $87,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.5 %

NYSE:BERY opened at $67.61 on Tuesday. The firm has a market capitalization of $7.79 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The stock has a 50 day moving average of $69.07 and a 200-day moving average of $65.63.

Berry Global Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.83%. Berry Global Group’s dividend payout ratio (DPR) is currently 28.25%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BERY shares. Morgan Stanley assumed coverage on Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. Citigroup restated a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a research note on Monday, November 25th. Barclays upped their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. StockNews.com initiated coverage on shares of Berry Global Group in a research report on Wednesday, December 11th. They issued a “buy” rating for the company. Finally, UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $82.00 to $75.00 in a research note on Friday, November 22nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.73.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This represents a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is currently owned by company insiders.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.